As of now, the deduction for business meals is only 50 percent—a significant change from the previous 100 percent deduction for business meals in and from restaurants, which was applicable only for the years 2021 and 2022.
Additionally, many business-generating entertainment deductions were eliminated by the Tax Cuts and Jobs Act, such as the costs associated with playing golf with customers and prospects.
To help you better understand the current deduction rules for Meals and Entertainment, see the table below outlining what is now permissible under the law for 2023 and beyond.

Amount Deductible for Meals and Entertainment in 2023

New Meals and Entertainment Deduction Takeaways

The table also shows non-deductible expenses, such as meals with prospective customers following non-deductible rounds of golf.
Additionally, the table shows some 100 percent deductible entertainment expenses, such as team-building recreational events for all employees and non-deductible outings with clients, including golf, theater, or football games.
With its helicopter view, the table is a valuable summary resource. Make sure to check it out periodically.

If you would like guidance on getting the most out of deductions like meals and entertainment, click here to schedule an appointment with one of Gold Standard's seasoned tax accountants.

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